Indiana Statutes
§ 30-4-2-17 — Valid purposes of charitable trust; selection of purpose or beneficiary if not specified by trust
Indiana § 30-4-2-17
This text of Indiana § 30-4-2-17 (Valid purposes of charitable trust; selection of purpose or beneficiary if not specified by trust) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 30-4-2-17 (2026).
Text
(a)A charitable trust may be created for the
following purposes:
(1)The relief of poverty.
(2)The advancement of education or religion.
(3)The promotion of health.
(4)Governmental and municipal purposes.
(5)A purpose that is beneficial to the community.
(b)If the terms of a charitable trust do not indicate a particular
charitable purpose or beneficiary, the court may select at least one (1)
charitable purpose or beneficiary. The selection must be consistent with
the settlor's intention to the extent the intention can be ascertained.
(c)The settlor of a charitable trust, among other persons, may
maintain a proceeding to enforce the charitable trust.
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Legislative History
As added by P.L.238-2005, SEC.25.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-4-2-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-4-2-17.